DAY 89 DAILY MCQ ON INDIAN ECONOMY

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DAY 89 DAILY MCQ ON INDIAN ECONOMY :  For govt jobs preparation daily MCQ will be provided, most of the questions will be from the past question papers of UPSC, SSC, IBPS

  1. GDR means
  • ‘Gross domestic ratio’ which is a macro aggregate
  • ‘Global Depository Receipt’ which is the mechanism to raise funds from international market
  • ‘Global development range’ which has been set up by UNO for developing countries
  • ‘Geographically developed regions’ as defined by the UNDP
ANSWER: B

2. Consider the following statements about GAAR

1) It was first discussed in Budget 2016-2017
2) It is an anti-tax avoidance Rule of India.
3) It is framed by the Department of Expenditure
Which of the statements given above are correct?

  • Only 1
  • Only 2
  • Only 1 and 3
  • All of the above
ANSWER: B

3 The word Dirigisme relates to

  • Complete Capitalism
  • Complete control of economy by state
  • Positive role of state invention in economy
  • None of the above
ANSWER: C

4. ‘Cabotage Law‘, recently seen in the news, is related to

  • Shipping
  • Civil Aviation
  • Military Aviation
  • Space Exploration
ANSWER: A

5. In which of the following locations Strategic Oil Reserves have not been established?

  • Visakhapatnam
  • Mangalore
  • Padur
  • Ambala
ANSWER: D

6. Consumer Confidence Survey‘ often seen in the news is released by

  • NITI Aayog
  • Ministry of Commerce and Industry
  • The Reserve Bank of India
  • Ministry of Consumer Affair
ANSWER: C

7. Which of the following state government has launched Surya Shakti Kisan Scheme‘?

  • Uttar Pradesh
  • Gujarat
  • Madhya Pradesh
  • Rajasthan
ANSWER: B

8. Generalised System of Preferences‘, often seen in the news is

  • A preferential tariff system extended by developed countries to developing countries.
  • Non-discriminatory trade policy commitment offered by one country to another on a reciprocal basis.
  • A preferential tariff system extended by India to African countries.
  • A generalised system of mapping consumer preferences
ANSWER: A

9. Which among the following imposes a greater burden (relative to resources) on the poor than on the rich ?

  • Progressive tax
  • Regressive Tax
  • Lump Sum tax
  • Proportional tax
ANSWER: B

10. In which of the following market forms a firm does not exercise control over price?

  • Monopoly
  • Mixed Competition
  • Perfect competition
  • Oligopoly
ANSWER: C

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